Wednesday, October 17, 2012

Another Palm Springs Area city OKs Vacation Rentals

The city council of La Quinta, near Palm Springs, CA, approved yesterday a new short term rental program that includes provisions that allow it to recapture hundreds of thousands of dollars of past due lodging taxes during its first year.

The unanimous vote will help address the city's projected $2,000,000 budget shortfall.  Once the program is fully implemented the city expects direct revenues from vacation rental activity to provide $600,000 to the city each year.  Additional revenues will be generated for area businesses that provide products and services to vacation rentals and their guests.

Vacation rentals are most popular in the city during the Coachaella Vally Music and Arts Festival, and the Stagecoach: California's Country Music Festival.

Read more....

Doug Coates

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